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2022-05-31 22:31:54 PRESS RELEASE. CA GameFi Inc., (headquartered in Shibuya-ku, Tokyo, Japan; Taro Yamamoto, Represent ative Director; hereafter CA GameFi), a subsidiary of CyberAgent Inc. (headquartered in Shibuya-ku, Tokyo, Japan; Susumu Fujita, Representative Director; listed on the TS E’s fist section, Stock Code 4751; hereafter CyberAgent), announced the establishment of a new NFT project “Project TB,” and released its teaser website.

Announcement of “Project TB”

“Project TB” is a NFT project developed by the game business sector of CyberAgent, one of Japan’s largest mobile game developers with sales of 262.7 billion yen ($2.07 billion) in 2021. The project will revolve around GameFi, utilizing the know-how and human resources that the firm owns. With a track-record of producing numer...

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2022-05-31 19:42:44 The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” and developers are “actively working on a solution.”

Terra LUNA Airdrop Suffers From Miscalculation Error — Devs Plan to Offer a Solution
On Monday, May 30, 2022, Bitcoin.com News reported on the new Phoenix-1 blockchain and the native token called LUNA. The old chain has been rebranded and is now known as Terra Classic, and the old ch...

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2022-05-31 11:58:37 Turkey is reportedly drafting crypto legislation to be submitted to parliament in the coming weeks. The bill may also impose taxes on some crypto transactions.



New Turkish Crypto Legislation Underway
Turkey is drafting a bill to establish new rules for the crypto industry, Bloomberg reported last week, citing two unnamed Turkish officials familiar with the matter.

According to the officials, the governing AK Party of President Recep Tayyip Erdoğan plans to submit the cryptocurrency bill to parliament in the coming weeks.

Under the new regulatory framework, companies would be required to have a minimum of 100 million liras ($6 million) in capital. In addition, global cryptocurrency exchanges would be mandated to open branch offices that can be taxed in Turkey. The authorities are also exploring ways to safely store cryptocurren...

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2022-05-31 10:28:50 After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges.

Pound Depreciation
In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese pound is reported to have plunged to an all-time low of 35,600 against the dollar. According to an Al Jazeera report, it took just two weeks for the pound’s black market exchange rate to drop from 26,800 to the latest rate. At the time of writing, the pound’s official exchange rate was 1,510 for every dollar.

The pound’s reported quickfire depreciation has worsened Lebanon’s already difficult economic situation. Also as noted in an Al Jazeera...

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2022-05-31 08:21:20 In the crypto industry, investors are always on the search for undervalued projects that have the greatest potential for increasing early investors’ returns. Finding these hidden gem initiatives just before noteworthy launches is an easy way to profit. Mars4 is one of these projects to keep an eye on, as the team behind it is working on exciting new releases that will be available the next month. These updates will boost the game’s economy and provide players with a sneak peek at the upcoming game. The community should expect the...

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2022-05-31 06:47:07 India’s economic affairs secretary has reportedly revealed that the government’s consultation paper on cryptocurrency is “fairly ready.” He explained that the Indian government is looking at “a global paradigm on digital assets,” emphasizing that “There has to be a broad framework on which all economies have to be together.”



Economic Affairs Secretary Ajay Seth on Crypto
Indian Economic Affairs Secretary Ajay Seth provided an update Monday on the government’s progress to establish India’s crypto policy.

Speaking about the government’s consultation paper on crypto, he was quoted by CNBC TV18 as saying:

Our consultation paper is fairly ready and we went into a deep dive and have consulted not just the domestic institutional stakeholders but also the World Bank, and the International Monetary Fun...

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2022-05-31 05:09:31 The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said.

Bank of America’s CEO on Crypto
Bank of America (BOA) CEO Brian Moynihan talked about cryptocurrency in an interview with Yahoo Finance Live at the recent World Economic Forum event in Davos, published Saturday.

He was asked about his bank’s plans for cryptocurrencies. “The reality is that we run a payments business across our platform. It’s trillions of dollars a day, and almost all of it is digital,” the executive replied, adding:

If you think about the blockchain, we have hundreds of patents on blockchain as a process and as a tool and as a technology.

However, with regard to cryptocurrency, he reve...

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2022-05-31 01:23:58 Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that until inflation is reduced he doesn’t “see the point of stopping” 50 bps rate hikes. Furthermore, statistics from the U.S. Bureau of Economic Analysis show that American savings have plummeted to levels not seen since the ‘Great Recession’ in 2008.

Christopher Waller Advocates for 50 Bps Rate Hikes at Every Fed Meeting Until Inflation Is Under Control
Inflation is wreaking havoc on the wallets of everyday Americans as the cost of goods and services has skyrocketed during the past few months. Inflation is so bad that president Joe Biden will host a...

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2022-05-30 23:59:00 This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, the network’s stablecoin USDD has been confronted by skeptics over the similarities USDD holds with Terra’s UST.

Tron Takes the Third-Largest Position in Terms of Total Value Locked in Decentralized Finance Protocols
On May 30, 2022, Tron managed to become the third-largest defi blockchain in terms of total value locked. At the time of writing, Tron’s TVL in defi is $5.94 billion, which is just below the Binance Smart Chain (BSC) TVL and above the Avalanche (AVAX) TVL.

Am...

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2022-05-30 22:08:34 It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague Do Kwon and Terraform Labs. Moreover, the old token, luna classic (LUNC), has been climbing in value as the crypto asset has gained more than 70% during the last day.

New LUNA Coin Jumps Over 8% Higher on Monday, Token Is Still Down More Than 64% From the Recent Price High
It’s been roughly more than 48 hours since the birth of the new Terra blockchain and crypto asset LUNA. During the first couple of hours of trading, the new LUNA changed hands at an all-time high (ATH) at $18....

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